DICK’S Sporting Goods (NYSE:DKS) Rating Increased to Buy at Gordon Haskett

Gordon Haskett upgraded shares of DICK’S Sporting Goods (NYSE:DKSGet Rating) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat reports. Gordon Haskett currently has $135.00 target price on the sporting goods retailer’s stock.

Several other research analysts also recently issued reports on DKS. Wells Fargo & Company boosted their price objective on shares of DICK’S Sporting Goods from $90.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, August 24th. Telsey Advisory Group boosted their price objective on shares of DICK’S Sporting Goods from $110.00 to $125.00 and gave the stock an outperform rating in a report on Friday, August 19th. Barclays boosted their price objective on shares of DICK’S Sporting Goods from $106.00 to $125.00 and gave the stock an overweight rating in a report on Wednesday, August 24th. UBS Group lifted their target price on shares of DICK’S Sporting Goods from $102.00 to $112.00 and gave the company a neutral rating in a research report on Wednesday, August 24th. Finally, Cowen lifted their target price on shares of DICK’S Sporting Goods from $126.00 to $128.00 and gave the company an outperform rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $127.42.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $117.76 on Tuesday. The firm’s 50-day moving average is $110.05 and its 200-day moving average is $97.89. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $135.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.75 and a current ratio of 1.82. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.91 and a beta of 1.46.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.15. DICK’S Sporting Goods had a net margin of 10.42% and a return on equity of 55.70%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm posted $5.08 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that DICK’S Sporting Goods will post 11.44 earnings per share for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Balyasny Asset Management LLC boosted its position in DICK’S Sporting Goods by 6,908.1% in the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock valued at $130,224,000 after buying an additional 1,226,735 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of DICK’S Sporting Goods by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer’s stock worth $91,158,000 after purchasing an additional 1,118,279 shares in the last quarter. HS Management Partners LLC lifted its position in shares of DICK’S Sporting Goods by 368.8% during the first quarter. HS Management Partners LLC now owns 1,418,366 shares of the sporting goods retailer’s stock worth $141,865,000 after purchasing an additional 1,115,841 shares in the last quarter. Samlyn Capital LLC lifted its position in shares of DICK’S Sporting Goods by 179.0% during the third quarter. Samlyn Capital LLC now owns 1,179,258 shares of the sporting goods retailer’s stock worth $123,397,000 after purchasing an additional 756,539 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of DICK’S Sporting Goods by 14,621.4% during the second quarter. CIBC Private Wealth Group LLC now owns 523,934 shares of the sporting goods retailer’s stock worth $39,487,000 after purchasing an additional 520,375 shares in the last quarter. 78.85% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

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DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

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